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must include in CL identification of the parties, price, time of performance, subject matter and in UCC related Contract the Quantity... an objective manifestation of intent to become presently bound by the offers definite terms, and it must be communicated to the intended recipient of offeree...
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∙ 13y ago
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What are 3 elements must be present for an offer to be effective?
1) There must be a serious, objective intention by the offeror. 2) The terms of the offer must be reasonably certain, or definite, so that the parties and the court can ascertain the terms of the contract. 3) The offer must be communicated to the offeree.
What are the requirements of a definite offer?
To be considered definite, an offer (and a contract) generally must contain the following terms: (1) identification of the parties, (2) identification of the subject matter and quantity, (3) consideration to be paid, and (4) time of performance.
Why must contract terms be sufficiently definite before a court will enforce it?
Contract terms must be sufficiently definite before a court will enforce it to ensure clarity and prevent potential disputes. A contract with vague or ambiguous terms leaves room for interpretation and can lead to disagreement between the parties. By requiring specificity, the court can understand the intent of the parties and enforce the contract accordingly.
Can you give me an example of a sentence that uses definite?
The definite answer to "What color is that pen?" is blue. *Can you give me a definite answer by tomorrow? * Is it definite that he's leaving? * I've heard rumours, but nothing definite. * She has had a definite offer of a job
What is a sentence with the word definite?
I will have a definite answer in about ten minutes. You must give me a definite time to meet you.
Why if alcohol has indefinite shape?
alcohol if is in liquid state must not have definite shape bt must hav a definite volume
What state must matter be in to have a definite shap and definite volume?
A: Solid - A solid has definite shape and volume. - A liquid has definite volume, but not definite shape. - A gas has neither definite volume nor definite shape.
What four things must a mineral have to be considered a mineral?
a mineral is defined as any inorganic substance that occurs in nature and has a definite chemical composition.
What do gas mean?
No definite volume or shape.
What is definite mean?
Intruding and getting in the way.
Explain the element of an effective offer?
In order for the offer to be effective, the offeror must have the proper intent. This means that the offerer's intention must be to make an offer and not merely to start the bargaining process. For example, if John tells Mary, "I'd like to purchase your car for $2,500. How would you like me to pay?", then there is no mistaking his intention of wanting to purchase the car at the stated price. On the other hand, if he states, "I'd like to purchase your car, how much are you willing to sell it to me for?", then he is simply attempting to start the bargaining process. The second requirement for an offer to be valid is that it must be communicated to the offeree - generally in a manner that the parties have agreed upon during the negotiation phase, if any. For example, if John had sent over a fax to Mary indicating that he is willing to purchase her car for $2,500 but does not follow up with her to confirm that she has received the fax, then no effective offer exists until Mary has looked at the fax. The third requirement for an offer to be effective is that the offer must be definite. In essence, the terms of the offer must be definite. For example, if John tells Mary, "I'll pay you $2,500 in cash for your car right now and I need you to sign the title over to me today. I'll meet you at your apartment at 10 AM.", then he is making a definite offer and his intention is unambiguous. On the other hand, if he were to say "I would like to purchase your car at a fair price, in the near future", then he is being ambiguous and his offer is not effective since there is no mutual agreement as to what a 'fair price' is or how the 'near future' is defined.
What does it mean by consideration must move from promisee?
In contract law, consideration is the benefit received by each party in a contract. It must move from the promisee to the promisor, meaning that the promisee must provide something of value in exchange for the promise made by the promisor for the contract to be legally binding. This ensures that both parties are giving and receiving something in the agreement.
